In her 20s, she thought living well meant constant travel she couldn't afford. When her perspective shifted, she decided to ...

A debt snowball method, on the other hand, focuses on racking up quick wins by paying off debts in progressively larger amounts. But if you've tried either (or both) and still haven't made much of ...

The snowball and avalanche methods are two popular strategies for paying down debt. The snowball method tackles your lowest balances first, offering small, more immediate wins. The avalanche ...

It starts out small, but as it gets bigger it also gets faster. In theory, this is exactly how the snowball method of debt repayment works. Using the same budget and examples as above, you would ...

The debt snowball is a popular method that involves paying off small debt first, building small wins, and using that momentum to become debt-free. Multiple commenters said that the original poster ...

Most borrowers eliminate debt using one of two strategies: the debt snowball or debt avalanche method. The snowball method starts with the smallest debts and works up to the largest ones.

My recommendation would be to adopt the debt snowball method and tackle the card with the lower balance first. Since you're already paying about $2,500 a month, focus on paying off the credit card ...